The Federal Reserve’s internal watchdog said the central bank’s supervision of Silicon Valley Bank did not keep pace with the firm’s growth and increased complexity… Read More:
Category: US & GLOBAL ECONOMY
S&P 500 rises on Friday, but stocks head toward losing month and quarter: Live updates – CNBC
LIVE UPDATES Updated Fri, Sep 29 202312:50 PM EDT ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Traders work on… Read More:
U.S. Natural Gas Prices Slip From Seven-Week High – OilPrice.com
U.S. Natural Gas Prices Slip From Seven-Week High | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing… Read More:
Stock Market News Today: Dow Slips After Inflation Data; Nike Stock in Focus – The Wall Street Journal
A selloff in bonds has sent longer-term Treasury yields soaring and weighed on the stock market. The S&P 500 is down 2.8% since June, while… Read More:
Amarillo police looking for bank robbery suspect – KFDA
AMARILLO, Texas (KFDA) – Amarillo police are looking for a suspect in a bank robbery that happened Friday morning. About 9:29 a.m. Friday, Amarillo Police… Read More:
Gas prices heated up inflation last month, but there’s also welcome progress for the Fed – CNN
Minneapolis CNN — Higher gas prices heated up overall inflation last month, but the Federal Reserve got some welcome news: Its preferred inflation gauge cooled… Read More:
Eight big U.S. bank CEOs to face Senate Banking Committee grilling in December – CNBC
Eight CEOs of the largest U.S. banks will face questioning at a Senate Banking Committee hearing in December, CNBC has learned. The Dec. 6 session… Read More:
Is there a short squeeze on West Texas crude oil prices? – The Armchair Trader
It’s been a bit of a rollercoaster ride in the oil market over the last week. West Texas crude prices have risen to their highest… Read More:
Bank of America raised its minimum wage, but workers want more — so do unions – MarketWatch
Juan Sanchez, a 45-year-old who just welcomed a new daughter, feels lucky to have paid parental leave through his job at a Wells Fargo call… Read More:
Oil falls as macroeconomic concerns dampen price rally – Reuters
Companies Saudi Arabian Oil Co Follow LONDON, Sept 29 (Reuters) – Oil prices fell on Friday in a volatile trading session, as macroeconomic concerns weighed… Read More:
Russia’s central-bank chief: Key interest rate could be raised or kept … – Reuters
SOCHI, Russia, Sept 29 (Reuters) – Russia’s central bank could increase its main interest rate or keep it at the current level of 13.0% during… Read More:
Oil Prices Are Headed Down. Occidental Stock Looks Like a Buy. – Barron’s
The price of oil is closing in on $100 a barrel, but that’s not the great windfall for crude producers it seems like it should… Read More:
Wall Street Expects Hot Oil Prices to Cool Down – The Wall Street Journal
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Oil prices and strong dollar to keep FPIs on edge – BusinessLine
A strong dollar, elevated US bond yields, and high global crude oil prices may weigh on the sentiment of overseas investors in the near term.… Read More:
Stock Market News Today, 9/29/23 – Markets Cheer Soft Inflation Print – TipRanks.com – TipRanks
Last Updated 11:20AM EST Stock indices are in the green so far in today’s trading session as investors cheer today’s softer-than-expected inflation print. However, the… Read More:
Why are California gas prices so high? State officials react, approve early winter blend use – KCRA Sacramento
The California Air Resources Board on Thursday approved a waiver at the request of Gov. Gavin Newsom to allow the early use of winter-blend gasoline.It’s… Read More:
The Morgan State Bank – New Orleans Magazine
1993: The Morgan State Bank, 201-203 Chartres St., in the early 1900s. After the bank moved out in the early 1960s, the Press Club of… Read More:
Europe Likely To Avoid Soaring Natural Gas Prices This Winter – OilPrice.com
Europe Likely To Avoid Soaring Natural Gas Prices This Winter | OilPrice.com Trending Discussions Premium Content By Editorial Dept – Sep 29, 2023, 8:00 AM… Read More:
Jim Cramer’s top 10 things to watch in the stock market Friday – CNBC
My top 10 things to watch Friday, Sept. 29 1. U.S. stock future rise Friday morning, with the S & P 500 climbing 0.7%, even… Read More:
SAFER Banking Act Gains Momentum: Cannabis Industry Banking … – AZPM
The Secure And Fair Enforcement Regulation (SAFER) Banking Act is making headway in Congress after passing the Senate Banking Committee this week. Now, attorneys general… Read More:
Inflation drops sharply in Europe, but higher oil prices loom – Detroit News
Frankfurt, Germany — Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations… Read More:
8 banks that reimburse ATM fees – Yahoo Finance
ATM fees are among the most commonly charged banking fees — and they’ve hit a record high. Fortunately, many banks and credit unions are making… Read More:
5 things to know before the stock market opens Friday – CNBC
5 Things to Know Markets are closing out a disappointing September. The U.S. Equal Employment Opportunity Commission is suing Tesla. The UAW is expected to… Read More:
Warning signs suggest this year’s stock market rally is on shaky legs – CNN
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen… Read More:
French banking giant BNP says it’s tracking staff’s return-to-office data — but only to support them – Fortune
One of France’s largest banks has told its London-based workers that it will start tracking their movements in and out of the office, but it… Read More:
US futures rise with Fed-favored inflation data on deck: Stock market news today – Yahoo Finance
Stocks mainly rose on Friday, as Wall Street digested a fresh read on the Federal Reserve’s preferred inflation gauge that could feed into interest rate… Read More:
The best investment banking CV to get an internship – eFinancialCareers
Resumes and CVs are difficult beasts to tame. Sometimes you write too much, sometimes you write too little – in the absolute worst cases, you… Read More:
The 2023 Stock-Market Rally Sputters in New World of Yield – The Wall Street Journal
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Why September, on average, is the worst month for the stock market – NPR
Going back more than a century, the month of September has been — on average — the worst month for the stock market. And September… Read More:
Stock Market Seasonality Suggests Strong Q4: Alphabet Stock a Must-Have? | investing.com – Investing.com
And as we’ve seen in the past 10 trading sessions, those declines have played out exactly as expected. Seasonal Signals Favor Q4 Surge: Source: YCharts Sure,… Read More:
News updates from September 28: US mortgage rates hit 22-year high, Evergrande chair under ‘mandatory measures’ – Financial Times
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital… Read More:
U.S. economy’s resiliency being set up to ‘fade’ in H2 2023: Economist – Yahoo Finance
The U.S. economy is facing challenges from several headline events — including an imminent government shutdown and labor and energy pressures — while still facing… Read More:
U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession – The New York Times
White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts. Federal government shutdowns have… Read More:
Latinos keeping US economy stocked with workers, report finds – KSBY News
An annual report highlighting Latinos’ impact on the U.S. economy shows that Latinos have accounted for 73% of the growth in U.S. labor force participation from… Read More:
Federal childcare funding is about to expire–and it could be terrible for the U.S. economy – Fortune
Over the course of the pandemic, $52 billion in federal funding from the American Rescue Plan Act has allowed parents to go back to work,… Read More:
Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now – Fortune
Predicting recessions is hard. There are simply too many incalculable, volatile variables—as we’ve seen with the war in Ukraine and COVID-19—that can throw a wrench… Read More:
Can US rate-hold help maintain predictability and stability in global economy? – ZAWYA
The US central bank – Federal Reserve (Fed) recently held interest rates steady, while also indicating it still expects one more hike before the end… Read More:
Charting the global economy: World economy is set for a slowdown next year after “subpar” 2023 – ETCFO.com
The Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove… Read More:
What are the reasons for rise in global debt? | Explained – The Hindu
The story so far: Global debt rose to an all-time high of $307 trillion in the second quarter, by the end of June 2023, the… Read More:
National Rifle Association Files for Bankruptcy – WSJ
The gun-rights group plans to move to Texas in the latest twist to its legal battle with New York’s attorney general. Source: National Rifle Association… Read More:
MAGAnificent! The Economic Truth or Terror is Known at Last – The Great Recession Blog
What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really… Read More:
Big Banks, Small Banks Failing In US And Worldwide
The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Banks in China are also failing. Last week, three US banks failed. Four US banks have failed this year. Read More:
Central Bankers Now Plotting Government Subversion? – The Great Recession Blog
Central Bankers Now Plotting Government Subversion?Two weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the… Read More:
Is it the Fed or is it the Trump? Here’s the Truth. – The Great Recession Blog
Is it the Fed or is it the Trump? Here’s the Truth. In this round of Truth or Trump, Trump clearly wins. First, look at… Read More:
Fed Med is Dead: How We Went from Fake Recovery to Freefall – The Great Recession Blog
Until you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed… Read More:
Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust – The Great Recession Blog
Big Stocks Rock NASDAQ as Two FAANGs Bite the DustTwo of the original FAANG stocks that carried the US stock market higher throughout the Fed’s… Read More:
Housing Market Collapse 2.0 Accelerates Rapidly! – The Great Recession Blog
Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as… Read More:
An exodus from Venezuela has prompted Latin America’s biggest migration crisis in decades – The Washington Post
The exodus is Latin America’s biggest migration crisis in decades. Source: An exodus from Venezuela has prompted Latin America’s biggest migration crisis in decades –… Read More:
Stock Market Volatility Attributed to Shenanigans
Technical expert Michael Ballanger explores the maneuvering he believes underlies current market fluctuations. Source: Stock Market Volatility Attributed to Shenanigans
US Stock Market in Position for Downwave #2
Technical analyst Clive Maund explains why he believes the stock market rally of the past couple of weeks is not a resumption of the bull… Read More:
Asian Stock Markets Gain After Wall Street Rally | Business News | US News
Asian stock markets have risen following Wall Street’s rally as investors look ahead to the U.S. Federal Reserve chairman’s congressional testimony for insights into its… Read More:
The U.S. Economy Is Suffering from Low Demand. Higher Wages Would Help
According to a yearlong exploration of the productivity puzzle. Source: The U.S. Economy Is Suffering from Low Demand. Higher Wages Would Help
UK economic growth revised downwards – BBC News
Economic growth was a worse than expected 0.4% in the last three months of 2017, official figures say. Source: UK economic growth revised downwards –… Read More:
Fed Officials Say Economy Is Ready for Higher Rates – The New York Times
The Fed has gained confidence the economy is strong enough to continue raising interest rates, according to the minutes of its most recent meeting. Read… Read More:
Premarket: Stocks dip; Germany’s diesel decision; British American Tobacco stock suffers – Feb. 22, 2018
Here’s what you need to know about the markets before you start your business day. 1. Negative sentiment takes hold: US stock futures are pointing down again,… Read More:
Epochal Stock Market Flash Crash Reconnects Stocks and Bonds, Portends End of Fake Recovery – The Great Recession Blog
It took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that… Read More:
Stocks shrug off pop in rates, Dow up more than 100 points
Stocks rose in choppy trade Wednesday as Wall Street tried to build on the strong gains set in the previous session. Source: Stocks shrug off… Read More:
Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says – Bloomberg
The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs… Read More:
Dow plunges 1,175 — worst point decline in history
Asian shares fell sharply on Tuesday after Wall Street suffered its biggest decline since 2011 as investors’ faith in markets began to crumble. Japan’s Nikkei… Read More:
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is… Read More:
Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds – Bloomberg
The man who made the term “irrational exuberance” famous says investors are at it again. Source: Former Fed Chair Alan Greenspan Sees Bubbles in Stocks… Read More:
U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970 – WSJ
U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing… Read More:
Cryptocurrencies crash after India vows to eliminate their use — RT Business News
Cryptocurrencies crash after India vows to eliminate their use Source: Cryptocurrencies crash after India vows to eliminate their use — RT Business News
Investors dump US dollar & rush to gold — RT Business News
The gold price rose to its highest level in more than a year on Thursday as investors seek a safe haven after the US dollar… Read More:
One person was already able to ‘shoplift’ from Amazon Go
On Monday, Amazon Go, the company’s new cashier-less mini-market opened in downtown Seattle, showing the world what retail shopping in the future could look like.… Read More:
Sugar sticker shock in Seattle: New tax on sweetened beverages more than DOUBLES the price on some items – NaturalNews.com
Sugar sticker shock in Seattle: New tax on sweetened beverages more than DOUBLES the price on some itemsMonday, January 15, 2018 by: Isabelle Z. Tags:… Read More:
U.S. oil industry set to break record, upend global trade
U.S. and Global Economy U.S. oil industry set to break record, upend global trade Liz Hampton8 MIN (Reuters) – Surging shale production is poised to… Read More:
Dow Industrials Top 26000 for First Time as Earnings Season Ramps Up – WSJ
Dow Industrials Top 26000 for First Time as Earnings Season Ramps UpDollar rebounds from a three-year low, while bitcoin’s selloff accelerates The Dow Jones Industrial… Read More:
What is Behind the Diplomatic Rush of Gulf countries ?
Saudi Arabia, Bahrain, the United Arab Emirates (UAE), Egypt, Yemen, Libya, the Maldives and Mauritania announced on Monday an extraordinary step of cutting off diplomatic… Read More:
Qatari policy on refugees and security in the Middle East
According to Gulf Times, The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, called for a political settlement of the conflict in Syria, where millions… Read More:
U.S. Conceal the Economic Causes of the Airstrike
According to the Video clips Editor at the Financial Times, Jamie Han, tensions around Syria are rising with every passing day. The second U.S.-led attack… Read More:
US-led Coalition Airstrike On Assad’s Forces Was Not Accidental
On May 18, the moving convoy of the Syrian pro-government forces consisted of militias was hit by a massive airstrike of the U.S.-led international coalition.… Read More:
INVESTIGATION: Route of Bulgarian Weapon Deliveries to Syrian Islamists Exposed
Inside Syria Media Center has conducted an investigation to expose a U.S.-backed of weapon supplies to the al-Qaeda group in Syria. The suppliers list starts… Read More: